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20121201
20121231
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taken to the streets? to discuss this i'm joined by ian beg who is a research fellow at the london school of economics. so professor beg, we hear talk this being the worst recession since the second world war. is it? >> it's been a long recession and it's very slow to see any kind of recovery. but it's also worth remembering statistically although being one of the worst in the last century, we actually today are as well off as in 2006. we've only gone back by a few steps. >> is it simply a case that it feels like the worst recession that anyone can remember? >> it's the fact that it hasn't gone to a recovery phase. tore used to in a recession have a deep downturn followed bay quite rapid recovery. it takes longer to readdress individual positions in their debt. and that means that it lasts much longer than everybody expects because everybody tries to save. >> so if things aren't very bleak across europe, why is it that in some countries as in greece and in spain we've seen the protest? >> i put greece out on its own because the magnitude of the downturn in greece has been phenomena
Search Results 0 to 1 of about 2 (some duplicates have been removed)